Holding in Company

RNS Number:2615O
Fenner PLC
21 July 2000


LETTER TO: FENNER PLC
DATED 20TH JULY 2000

Re: S.198 Companies Act 1985: as amended by The Disclosure of Interest in
    Shares (Amendment) Regulations 1993

In accordance with the Companies Act 1985, (as amended) I write to notify you
that Phillips & Drew Life Limited has an interest in 5,979,901 ord 25p shares
of the Company. This represents 5.84% of the issued share capital of the
Company.

Please find (below) a list of the Registered holders.

Phillips & Drew Life Limited is a subsidiary of UBS Asset Management Holding
(No.2) Limited which is also treated as having an interest in the above shares. 
We are authorised to make this aggregate disclosure on behalf of UBS Asset
Management Holding (No.2) Limited, the registered address of which is:

                   Triton Court
                   14 Finsbury Square
                   London EC2A 1PD

LETTER FROM: PHILLIPS & DREW 


                             Fenner Plc

                 Total Issued Share Capital - 102,357,208


Name                                                  Quantity

PHILDREW NOMINEES LIMITED            A/C LF09          362,281

PHILDREW NOMINEES LIMITED            A/C LF20        5,617,620
 
                                                     ---------
                                                     5,979,901
                                                     ---------
                                                         5.84%




                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FENNER PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

PHILLIPS & DREW LIFE LIMITED


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

SEE LETTER BELOW


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

SEE LETTER BELOW


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class


7)   Number of shares/amount of stock disposed

487,700


8)   ( 0.47 %) of issued Class


9)   Class of security

ORDINARY OF 25P EACH


10)  Date of transaction

OVERALL DECREASE SINCE LAST NOTIFICATION DATED 04.07.2000


11)  Date company informed

LETTER DATED 20.07.2000 (RECEIVED 21.07.2000)


12)  Total holding following this notification


5,979,901 ORDINARY SHARES
               
              
13)  Total percentage holding of issued class following this notification

5.84%


14)  Any additional information

SEE LETTER BELOW


15)  Name of contact and telephone number for queries

R. L GALLOWAY - 01482 626511


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .... 20.07.2000 ........


LETTER TO: FENNER PLC


CHANGE OF LEGAL NAMES

I am writing to let you know that, with effect from 17th July 2000, changes to
some of the company's legal names are being made and these are illustrated
below:

Phillips & Drew Fund Management           UBS Asset Management Limited
Limited                                 

Phillips & Drew International             UBS Asset Management International
Investment Limited                        Limited

Phillips & Drew Holding Limited           UBS Asset Management Holding (No.2)   
                                        Limited

LETTER FROM: Bonnie Cassidy
             Legal & Compliance Department PHILLIPS & DREW
Fenner (LSE:FENR)
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